China exports, imports soar past expectations in October — surplus narrows sharply
The trade surplus topped $1 trillion for a second straight year as AI-related shipments and crude oil imports drove the gains, officials said.
- China's General Administration of Customs reported on Tuesday that exports and imports surged more than expected in October, though the trade surplus shrank sharply and undershot analyst forecasts.
- Goods exports soared 35.2% from a year earlier, extending a boom in AI-related shipments that drove growth beyond the 33.5% forecast by Reuters-polled economists and the prior month's 36.3% surge.
- Imports spiked 41.6% last month, significantly outpacing the 32% rise predicted by Reuters-polled economists and accelerating sharply from 31% growth in September, according to Customs data.
- China's trade surplus narrowed sharply, undershooting expectations, though the total still reached over $1 trillion for the second consecutive year despite the import surge.
- Investors assess the 'outlook for factory activity, domestic demand and exports' as China navigates persistent economic pressure, with the latest official manufacturing index set for release soon.
153 Articles
153 Articles
As early as October, China crossed the $1 trillion trade surplus mark, with exports to the EU and the US rising by 35% last month, driven by artificial intelligence and the electric car.
The Chinese customs authorities announced Tuesday that in the first 10 months of this year the surplus of the trade balance has passed the threshold of one trillion (1,000 billion dollars), thanks to an increase of exports to the European Union and the US, transmits the agency AFP, quoted by Agerpres. In January-October 2026, China's trade surplus on the relationship with ...
Beijing continues to focus fully on export – and, thanks to controversial subsidies, is again breaking a record mark: the trade surplus of more than one trillion dollars was achieved primarily through technology goods and electric cars.
China’s trade surplus tops $1 trn for second year in a row, exports jump 35.2% in October: What's leading the surge?
China's trade surplus crossed $1 trillion in the first 10 months of 2026, driven by strong demand for AI-related products and high-tech exports. However, weak domestic consumption and growing trade tensions with the US and EU pose fresh challenges for Beijing.
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